Consumer sentiment index: 74.1 vs 72.9 expected.
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Another record: S&P 500. Best August since 1986. 1986? Are you kidding me. That was the year I first started investing on my own. Actually, I think I first started investing in 1984, the year that I finally had positive cash flow. LOL. [Later: now CNBC is saying the Dow is having best August since 1984.]
At the open:
- S&P 500: within five points of 3,500
- Dow 30: up 81 points; positive for 2002
- NASDAQ: trending toward 11,700;
- individual stocks:
- UNP: up slightly
- WMT: up 1.6%; up $2.14
- SBUX; up slightly
- AAPL: up $3.00 -- but AAPL price is going to plunge Monday
- MSFT: up $3.10
The grid: rolling blackouts associated with:
- third-world countries;
- piss-poor planning;
- renewable energy scams;
The grid: rolling blackouts --
- if the grid can't handle electricity demand when annual US EV sales is less than 2% of total US auto sales, how does the grid handle electricity demand when annual US EV sales hit 10%, and then 25% projected by 2025
- the link is a pre-Covid link; it would be nice to see an update
- almost impossible to forecast anything during the pandemic; things are so out of whack
- this will be fascinating to watch
- winners, if this develops: electric utilities
